The Fraud Policy

By: TSI Limited

Organizations should put in place what is known as the âFraud Policyâ to spell out what constitutes an act of fraud by staff, vendors/suppliers, management and owners. The policy would facilitate the development of controls that will aid prevention and detection of fraud.

Course Objective

Fraud is defined as the intentional false representation and concealment of material fact for the purpose of inducing others to act upon it to his or her injury.